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Tuesday, December 3, 2019

Qutoutiao (QTT) reported earnings on Tue 3 Dec 19 (b/o)

** charts after earnings **


Qutoutiao misses by RMB 1.03, reports revs in-line; guides Q4 revs below two analyst estimate

  • Reports Q3 (Sep) loss of RMB 3.32 per share, excluding non-recurring items, RMB 1.03 worse than the S&P Capital IQ Consensus of (RMB 2.29); revenues rose 44.0% year/year to RMB 1.41 bln vs the RMB 1.4 bln two analyst estimate.
  • Combined average MAUs reached 133.9 million, representing an increase of 105.3% from 65.2 million in the third quarter of 2018, compared to 119.3 million in the previous quarter.
  • Co issues downside guidance for Q4, sees Q4 revs of RMB 1.6-1.62 bln vs. $1.85 bln two analyst estimate.
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